Learn More About Foreclosure Law in Lively, Virginia

Lively is an unincorporated community in Lancaster County in the U. S. state of Virginia. Mary Ball Washington, mother of George Washington, was born in Lively.

Foreclosure Law Lawyers In Lively Virginia

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.